Weekly News Recap: May 20, 2016

Beverly Proulx Bentley of Saskatoon has been accepting donations for evacuees in Fort McMurray who are in need of prom attire. She's collected over 50 prom dresses this week. (James Hopkin/CBC)

Opinion

How impact investing is changing philanthropyThe "Big Four" foundations (the Case Foundation, the Ford Foundation, the Kresge Foundation, and the MacArthur Foundation) recently met at the Mission Investors Exchange conference in Baltimore. They agreed that they have a significant role to play in "impact investing". (5/12/16)

YWCA receives donation and extended lease before movingGood news for the YWCA. Great Gulf has made a gift of $500,000 and also offered a two-year, no cost lease until a new Calgary location is found. Great Gulf is a home-building company based in Toronto but with projects in Calgary.CALGARY STORY (5/16/16)

Canadians donate over 1,000 dresses for Fort McMurray gradsLots happens during a catastrophic emergencies including the deferring or cancelation of important life events like graduations. Looks like the 2016 Graduating Class from Fort McMurray will have a graduation event after all. And in style too! Touching, lovely story.CANADIAN STORY (5/14/16)

Large gifts

UTRGV business school receives donation of $15 millionThe University of Texas Rio Grande Valley announced Wednesday that their College of Business & Entrepreneurship will receive a $15 million donation from Robert C. Vacker, CEO of Bert Ogden Auto Group. UTRGV will be naming the business school after Mr. Vacker. The college will be renamed to the Robert C. Vackar College of Business & Entrepreneurship. (5/18/16)

Tel Aviv University nabs $50m donationThe Tel Aviv University School of Management has received a $50 million donation from UK businessman Jeremy Coller. Mr. Coller is the founder of Coller Capital, one of the world's leading private secondary capital funds. The donation will be used for research and development, study programs, and teaching. The School of Management will now be named after Coller. (5/18/16)

Harvard gets $35 million to study early childhood educationThe Saul Zaentz Charitable Foundation has made this gift to support one of the largest studies on early eduation since the 1970s. Saul Zaentz was an award-winning film producer of a number of films including "One Flew Over the Cuckoo's Nest". (5/18/16)

$16M donation to boost charter school brand in AustinYay Austin! A public, tuition-free chain of charter schools, IDEA Public Schools, will have 26 Austin locations by 2022 thanks to donation from the KLE Foundation, which aims to create equity in education among low-income and minority students. (5/16/16)

DePauw lands $20 million donation from longtime trusteeeDePauw University has received a $20 million gift from longtime trustee Don Daseke and his wife, Barbara. The donation was given to the Campaign for DePauw, bringing the fundraising effort at the 2,200-student college in Greencastle, Indiana within $14 million of its goal of $300 million. (5/13/16)

$10 million donation from 2 families aims to tackle dementiaThe Samuel I. Newhouse Foundation and The Lauder Foundation have each donated $5 million to create the Treat Frontotemporal Degeneration Fund. The fund is a joint venture of The Alzheimer's Drug Discovery Foundation and The Association for Frontotemporal Degeneration. (5/12/16)

Rady family gifts $30M to University of Manitoba health sciencesThe University of Manitoba has received the largest philanthropic gift in its 139-year history, a $30-million donation from philanthropists Ernest and Evelyn Rady, through the Rady Family Foundation. Ernest Rady was a former owner of the San Diego Padres baseball team. The University of Manitoba is renaming its Faculty of Health Sciences in honour of this gift.CANADIAN STORY (5/12/16)

UCLA’s Art School to Build $31 Million Studio Complex With Major DonationThe University of California Los Angeles’s School of the Arts and Architecture is planning to add a $31-million studio complex that will be slated to open in 2019. The plan for the 75,000-square-foot building for graduate students was originally conceived in 2011, but was shelved due to a lack of funds. The project is being revived after a major donation was gifted to the school by art dealer Margo Leavin. While the amount of the gift has not been revealed, sources have guessed that the funding might be about $20 million. (5/12/16)

Welcome to our recap of the week's news, articles, and information of note. ViTreo Group Inc. provides this information for the benefit of our clients, associates, staff, partners, and stakeholders. The content is collected and curated by ViTreo partner Vincent Duckworth. If you would like to submit a link for consideration, please send an email to info@vitreogroup.ca

The appearance of external hyperlinks does not constitute endorsement by ViTreo Group Inc. of the linked web sites, or the information, products or services contained therein. ViTreo Group does not exercise any editorial control over the information you may find at these locations. All links are provided with the intent of meeting the mission of the ViTreo Group Inc. Please let us know about existing external links which you believe are inappropriate.